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companies are doing, the technologically oriented companies that are part of a share economy, get more people involved in the economy in general, and creating ideas about how people can participate. we came across a very great idea that as we go through more exercises in our disaster preparedness, ann and her staff have been great at that. in fact, the last one i kind of had fun in, how do we feed 10,000 people in the middle of the tenderloin in a major erredthtion quake disaster. we walked through that. we saw how meals are served. we tried to do it in the proper way. ~ earthquake we know we're going to need a lot of help. the main message that we wanted to have was after a disaster hits, we want the message to be out before disaster, during a disaster, and right after, that we welcome everybody to participate in our recovery. and the best way to recover quickly and faster is we engage everybody immediately about how we can help and assist each other. and that's partly a philosophy of the sharing economy as well. and whether it's a need for space, people need to have space as they did
today, and roughly 2% under performing economy, there's just no reason for interest rates to jump higher. the u.s., by the way, is really the only global stock market game in town. our companies are profitable. so at these levels it may not be roaring bullish. i don't think the fed is going to taper down tomorrow, and i do believe the bull market is far from over. that's my take. let's welcome kenneth heed ner. and i'm joined by george gilder. he has the book "knowledge is power." ken, what say you? >> i say that we have a number of years of growth ahead of us in the economy. it's growing at 2%. it's going to accelerate as consumer confidence rises with rising housing prices. we'll see 3, 4, 5% growth rate. >> 3, 4, 5%, those are big numbers. you had an okay housing number today but housing starts are up 29% on year. here's my inflation point. the year-to-year cpi, 1.4%. guys like me two years ago worry about inflation, money printing, i was wrong. i said that before. the best set indicator, 1.0%. without inflation, why should inflation rates have to go higher? >> they go a little bit hi
of different economies, but housing is key to the u.s. economic recovery along with jobs. how does it look to you? >> i come home from my travels i see it in my own street, that a developer bought the property opposite of us, completely overhauling the original house and building a new one right next to it, kind of noisy. sends me back in my travels again. the infliction point happened, i can tell you when it happened, whenity remortgaged and fixed, and from that moment on you've seen the tightening beginning, and this is going to be a very interesting challenge for the housing recovery as we get further indications from the fed tomorrow that there's tightening coming. that's already begun to affect mortgage rates, and if there's one thing that could cool things down it's going to be a sense that the party is over in terms of quantitative easing. >> diana, weigh in on that, you've made the very points that there may be a cooling of course, but as rates rise it may get people off the couch and into contracts. >> yeah. that's a very short-term phenomenon, and i'd be interested to hear from n
of america, this remains a vibrant place to live with a balanced economy. the american people must have a voice about what those rules will be. and congress cannot skirt responsibility to legislate. again, i would like to close here by thanking those who led this effort, mr. collins in particular, for leading the floor conversation. he has shown great leadership, working very hard. you came here as did other members of the freshman class to make a difference by supporting the reins act and i think you will advance that cause. mr. collins: it is easy to follow in the stoot steps. and we will work to continue that fight. i thank you for being here tonight. it is now with great pleasure, another freshman who has come from north of me in north compassion for his constituents. mr. holding: i thank the gentleman from georgia for the opportunity to discuss this administration's excessive regulations. we know the harmful effect that overregulations had on the economy and since taking office, president obama and his administration have continuously burdened the american people with an exceptiona
for coming on tonight. >> no problem. gerri: in an unrelated story, is the economy about to hit the brakes? there s been slowdown for the past three yers. keedy aided if this year? with more on this, we have with sam saunde a chief investment strategist f crles schwab. i want to get to this idea of the economyn just a second. but first, i would like you to respond to his pink newspaper about how be bernanke may indite exactly what he'soing to apply th bakes on eing this week. we expect to hear from him on weesday. what do you say? >> i'm notso sure that that is shocking news. this has been building to the point where it actually starts tapering off. they he been transparent. to think about thisafew months in advance, i'm not so se that i understd why this is newswort be one youmay be calm, but the markets were ot. where do you thi the professional traders are thinking about this right now? >> the market is having little tantrums. but it's not a big surprise. we know wh the fed has done is unprecedented with quantitative easing and that thy'll attend there will be many steps between now and
to start closing the deficit by raising taxes and putting less financial support into the economy. fed agreed. hey, come on, man, it was a first class disaster. >> the house of pain! >> it turned out to be a recession within a depression. now the president and congress have raised taxes as a part of the fiscal cliff deal. they both agreed to the sequester, which was supposed to cut defense spending. it is impacting a lot of little programs the media isn't focused on. we haven't heard much about it. the fact that they're at 52-week highs, makes it seem like the sequester doesn't matter at all, who cares? government just doesn't know what it's doing. that's not the point. the point is neither the president or congress is doing anything extra, anything substantive to get it moving beyond what's done. we have no interstate highway to build out over ike. we have no wars, fortunately, like world war ii. we don't have a problem to fix bridges and tunnels. i often think the pipeline companies and google, google are doing more to help infrastructure and the government. into the breech comes ben
the eurozone economy, arguing that recent signs of market stabilization mean that the ecb's interest rates are becoming a more effective tool again. we'll see about that. >>> also, g-8 leaders are wrapping up a summit in northern ireland today. british prime minister david cameron has, of course, been the host. he says the goal of the group is to "fired up our economies and drive growth and prosperity around the world." we're going to have more, of course, from cnbc's steve sedgwick, who's on the ground there in that beautiful live shot in about 20 minutes. >>> meantime, time for "the global markets report." we'll go across the pond not to ireland, but to london, where ross westgate is standing by this morning amid a sea of green. a little bit of red around. how are you doing, ross? >> yeah, hey, andrew, pretty good. we're actually at the best levels of the session today here for european equities. advances out-pacing decliners by around about, what, 6-2, 7-2 on the dow jones stocks 600. it's been a mixed morning, but the ftse 100 now up 0.8%, despite the that is correct if inflation numbe
or follow me on twitt. all right. next on "money," no matter how the economy's doing, apparently you can always bet on a sandwich. a huge expansion in the face of obamacare and stiff competition. the ceo joins us explain how. but should executives be allowed toump their comny stock? bread before i ceo steps down. details on a growing controversy the chairman, t is all the work of thetreet. this is a good one. piles of "money" coming up. ♪ melissa: this is one of the issues that we talke about on our shw. jobs in the economy. we know that it has been given how close e last few years. one company has been given 800 new jobs just this honor. i am wondering the same thing. how is this? let me welcome the c of firehouse. bob, you have cations in 35 states. but still, 800just this summer is a lot 2400 workers in 2013 hae said that you have done a lot of expanding even though the economy has not grown up fast. >> yes, americans have an insatiable appetite for great food. while the restaurant business is very competitive, they ar continuing to grow in this environment. we have the second high
the measures taken by the u.s., eurozone and japan helped reduce risks to the global economy. economic activity and employment in most advanced nations have yet to recover. they also referred to the policies and challenges of certain countries. they said japan's economic growth will be supported by short-term fiscal stimulus and easing and the strategy for boosting sector investments. the leaders said japan will need to compile a medium term plan to improve the fiscal standing. prime minister abe announced other g 8 leaders said japan's economic recovery was positive for the global economy. >> translator: i told the other leaders that japan needed drastic measures like my three hours to call the country out on deflation. and the figures for production, consumption, and the job market have already improved. i told them we need to promote more growth strategies. the leaders approached me with various opinions, but i won their approval regarding japan's economic policies. >> u.s. markets ended higher after upbeat housing data boosted sentiments later today on tuesday. the dow jones gained nearly 3
bit. still means that there's monster stimulus coming into the economy. - were you surprised, though, how quickly people traded off that news coming in from the wall street journal, and then the financial times, during the session? that really moved the market. - i think there has been very little volatility. the move index, which people don't talk about too much, is similar to the vix index. the vix index is the volatility index in the stock market. the move index is a similar index for the bond market. it was at an all-time low at the beginning of may. it was at about 48. as of last week, it got into the mid 80s. so in may, i don't think the market necessarily, from a chain-weighted option volatility index, was expecting much of a move. as these numbers came into the market and some of the rhetoric came into the market, i think it caught people a little bit behind in terms of their hedging. so i think that caused the market to rally and race a little bit to get to a point where people feel like if there is some tapering, they are a little more comfortable with where rates are. - go
be achieved through diplomacy. >> talk on the global economy were less contentious. the g8 leaders say it is in better shape than last year but still needs growth. there is also agreement on working to put attacks havens out of business. they pledged more transparency to curtail tax evasion and avoidance worldwide. >> taxation is one of the big issues where the g-8 says they made progress today. >> tax evasion and avoidance were under discussion. invasion is illegal, avoidance is not, but sometimes the line between between them can be hard to draw. >> they are under fire for breaking the rules or pushing them to the limits. they want to make practices harder and tax havens from the caribbean to the heart of europe. click the picturesque villages technically in austria, but the only road in his from germany. there have never been border controls here making it easy to hide german money in the neighboring country with lower tax rates. >> there are about 4 billion euro in three banks here. more than 99% of the money comes from germany, most of it probably undeclared. clicks tax evasion ha
? >> dramatically over forecasting the economy fourteen years, th last one ended and tre's never been 14 years like that. we are going to have wage growth of 5.3% a year so if you adjust real world super economics, you're lookin at this. neil: sometimes you cannot not so sober and surprises. like 14 years ago you could have argued this. you coud have pleasant surpris. neil: what you think about this? only bring you an internet boom? >> well, edge was a chnological development and a great thing. neil: we are not always sold by3 this. >> the fed clearly is. we have a decade packed with zero interest rates and we are not always intervening in this way. >> well, they ought to op right now. but thmarket i totally hooked on this monetary heroism. then they wiegin to per back or reduce the85 billion. neil: so they should resist the hiy fit and moveon? >> yes, that is what they have been unwilling to do ever since greenan punted in 1998 at the long-term capital time. time after time they have been doing the me thing. ne: how much higher do you ink the interest rates would be? >> we are raid of the bogeyman
. rohani called for moderation and for reviving iran's economy. in recent years, international sanctions aimed at rean's nuclear program helped fuel rising inflation and high unemployment. rohani presided over nuclear talks with the west between 2003 and 2005. but today the president elect was not support ceasing iranian enrichment. >> we will make nuclear talks more active. this is a problem. solution to the nuclear problem is just talks. neither threats nor sanctions will work. >> ifill: he left open the door to improving relations with the united states. >> the problem complicated and difficult. there's an old wound that should be dealt with with prudence. of course we are not seeking tension or increase can the tension. common sense says our two countries should think about the future more than the past. >> u.s. officials cautiously welcomed rohani's victory but state department spokeswoman said the obama administration wants to see more. >> we look forward to him and are hopeful that he will fulfill the campaign promises he made to the iranian people such as expanding personal
'll give the economy before it decides to reduce the monthly asset purchases. to me, the market has kind of adjusted its own expectations both for the worse and better, much more than the fed's message has changed. so i feel like it's really a lot of suspension been drained out of this meeting. by the way, the market itself, the treasury yields have calmed down. >> all right. amy, let me ask you in terms of allocating capital. where are you seeing the flow right now in terms of putting money to work? where is the conviction out there? what sector? >> well, hi, maria. from an options perspective, it's pretty interesting, because i think a lot of folks out there would say the fed's probably not going to say too much tomorrow. it may delay things out later. our own house view is for an october tapering session. however, from the options point of view, you've actually seen short-term term structure come up. so to translate that, that's basically saying near term, more volatility is expected relative to the outer terms. so the options market is actually expecting something for tomorrow, and y
to this great city, all that you got to do is work together and have a sharing economy and support each other, and i think that is very simple and so with this graduation time, i want to thank you for being our investment and we have got a lot invested in you and i want you to be successful for that very reason and just ask you one thing, when you become successful, you turn around and you invest in somebody else. and eukarotickry the spirit on. this is the strongest spirit that you ever see in san francisco. and we are strongest in the whole bay require right now and our economy is the strongest and everybody believes that we have it. and i am going to keep it going but we have to share it with everybody else. this is the time to show that we are not the san francisco of 25 to 50 years ago where the haves and the have-nots and the have, one over the have-nots, but this is about a sharing economy where we invest in other each and this is the way that we can sustain our economy for everybody thank you and congratulations. [ applause ] thank you, mayor lee. good evening, my name is zelda saly a
of this economy? >> we are not doing well. as he said, unemployment remains very high, double digits for comprehensive measures of unemployment. gerri: one of the little secrets of thii economies that interest rates are so low that if you're a senior or savior in 10 favor, you're getting nothing for your money. >> that a strike would have a big stick what the fed does. everyone's credit cards, car loans, higher. it is going to go there to interest rates are going through the roof. let's say that you have an adjustable rate mortgage by the interest rates. >> that is a problem that we want to have is an economy that is growing so rapidly. a lot of people need to understand how we need to slow it down. gerri: douglas holtz eakin, thank you for coming on. we are so privileged to know you. thank you. my "two cents more" on what will happen when the fed makes its decision, if it does come at the end of the show. later in the show, we'll be speaking with the former state victims advocate from connecticut. she will bring us the latest in the fight to bring the charity dollars to those who ne
would need to see a more sustainable real improvement in the economy before we saw any reduction in his quantitative easing. if we look at recent economic data, ism manufacturing, with a reading below 50 to me, that's not necessarily an improvement in the overall economy. i think we can look through the announcement tomorrow. it will be hard. there will be some volatility. by and large i think it is more an issue of 2014. liz: but, edward, is it fair to say you wouldn't necessarily change your investment strategy on what the fed will or won't do? >> that's correct. we're a bottom-up stock-pickers. we're looking at individual securities that kind of have a technical profile that is attractive to us, a fundamental profile that is attractive to us. we may take advantage of some of the short term volatility trimming winners and taking advantage of some of the weakness. by and large we're looking over next 12 to eight teen months and think this is another ssdeshow. david: let me follow up on that and what liz was saying. what if bernanke says what the market really doesn't want to hear? the
on the economy but signaled this in no way means rates will go up. that led to a bit of a swoon in stocks during the session yesterday. the dow gave up more than 100 points. robin harding, who wrote the article, then took to twitter to tell everyone to chill out. he later defended his piece on cnbc's "fast money." >> the fed has a one-week blackout during which it doesn't say anything to anybody. so, people need to react to the content of the story rather than the existence of the story. and what i've seen happening today, and i think we saw it happening last week, too, is the market was reacting as if there's some secret bat signal coded here. >> asked if the article was timed for the greatest market impact, harding says he has nothing to do with that, that "the ft" sends out pieces when they write them. i mentioned mr. draghi as well. he says the ecb is looking at negative to positive rates with an open mind and with all intended consequences, rates becoming more effective. again, another measure we looked at on the considered possibility of having a break on deposit facilities, speaking in je
are crippling iran's economy and creating unemployment. rouhani says they are backwards and regressive and now is a time of opportunity for improves international relations. he expressed his hope for better relations with arab countries and an end to the syrian conflict. >> the problems facing syria today can only be resolved by the people of syria. the destiny of syria can only be decided by the syrian people. >> rouhani is expected to take office in a month and a half. until then, mahmoud ahmadinejad is still the president and now has been summoned to court in november after parliamentary speaker larijani filed an official complaint. the contents are unknown. it appears mahmoud ahmadinejad will still be in the spotlight even after he leaves office. al jazeera, tehran. >> you're watching al jazeera, a reminder of our top stories. the war in syria is dominating most of the talks in the g-8 summit in northern ireland. vladimir putin and barack obama have met but are struggling to agree on a way to end the violence. the british government meanwhile has been accused of spying on foreign leaders i
, they usually focus on the global economy. but this year's meeting comes at a precarious time in the syrian civil war. seven g-8 countries are on one side. country number 8, russia on the other. >> arriving on a golf retreat to northern ireland, president obama had to leave his clubs stateside and immediately get down to business. tops on his agenda, finding common ground with russia on the issue of syria. but while today was no cold war confrontation, both leaders admitted they disagreed on how to deal with syria. but putin went out of his way to endorse the idea of a negotiated settlement. >> we do have differing perspectives on the problem, but we share an interest in reducing the violence, securing chemical weapons. >> all of us have the intention to stop the violence in syria, to stop the growth of victims, and to solve the situation peacefully, including by bringing the parties to the negotiations table in geneva. >> reporter: putin's words today were decidedly more measured than yesterday when he met with british prime minister david cameron, referring to a graphic video of one syria
economy and its problems. halfey represent just over of the $71.7 trillion global economy. we are live close to where the summit is taking place. they were all smiles in front of the cameras, but behind closed doors, was it a different story? >> apart from vladimir putin. >> of course. >> for all of the talk that the g8 is seen as talking shop and cannot get things done -- syria, for example -- i have to say the british, in particular, this morning have been making positive noise on forward movement on better tax arrangements. the british chancellor said there had been more progress made in the last 24 hours than the last 24 years. what they are trying to do our new arrangements on two different issues -- corporate tax avoidance, multinationals in theing tax loopholes europe and the developing world, and on tax evasion, which is illegal, even though tax avoidance is legal. ory are trying to close down get better transparency on all of these british islands, to see where money might be being hidden you legally. the great -- illegally. the great prize is if they get the people to pay tax
shifted our economy and our society. i want to bring in one of the leading thinkers on economic policy and i want to know if president obama has changed america for years to come. joining us to arthur brooks, the president of the american enterprrse institute. what do you say, arthur, has he changed it now and for good for a long time to come? >> well, yeah. hi, stuart. it's hard to argue that things haven't changed in the united states. the truth of the matter is we have been looking for a long time to scale up the size and scope of governments and obama has simply taken and escalated these particular trends. growth of government is something that's been going on for two decades and you've been in the united states for a long time and you've seen it and i know you've seen it to your dismay, but it's kind of a bipartisan deal at this point. you can't say it's democrats or republicans. the truth of the matter is the amount of government in dollars per capita has increased more under republican administrations than under democratic administrations over the past two decades. i would call
that would help the economy and create a job? number three, lavish overseas travels come as government agencies are facing mandatory fiscal cuts. we can't open the white house to school kids because we can't afford it. we have joe trippe and jenny beth martin. time of honesty if we can't open the white house for school kids to go and see their house, do we really need to spend that kin of money, $6 0 million to $100 million on african, $3,300 a night, 30-person entourage to dublin. >> i doan know if any of those numbers are right? >> oh, they are right. >> are you doubting me? >> well, sean, i'm doubting whoever came up with these numbers. some people came up that his trip to india would cost $200 million and use 10% of the u.s. navy. notes numbers weren't right. >> "the washington post," a liberal newspaper, said $60 million to $100 million. >> sean, i'm not arguing with you. africa has large economic growth, a lot of room for american businesses to move in. creating jobs here and that's part of what the president intend to do while he's there. >> just like the stimulus was a great jo
has resulted in a significant boost for the local economy, especially for the travel industry, the leisure industry, restaurants, for example. shops. i'm proud to have worked on taiwan's entry into the visa waiver program because i know that as a result of this agreement taiwanese americans in southern california have a much easier time staying connected to their families. mr. speaker, as the number of visitors from taiwan has grown exponentially, there is an urgent need to ensure that taiwan has real time access to air safety information. strengthening air safety benefits american citizens as much as it does the taiwanese. every year tens of thousands of americans fly through taiwan's airspace which must be as safe as it can be, and this bill will certainly help. just as taiwan was allowed to join the world health organization as a result of the sars outbreak, so should taiwan be afforded the opportunity to observe the proceedings of the i.k.o. we all share the responsibility to ensure that international air travel be safe. taiwan's unique political status has thus far hinder
firm in the economy and therefore we can afford to get off of this morphine drip that has been the $85 billion bond buying program every single month. >> i think you hit the nail on the head which is why we have seen so much volatility in the markets because i am saying that glass had -- glass half full of the glass half full? and i agree with you in the sense. look at it as good news and bad news. eventually people will look at that and say, wait a second. this is positive. time for the patient to come off a life-support and see if they can read by themselves. if you read the tape today i agree with doreen in the sense that it is on very light volume, but i find it quite encouraging that the market held on to the 20 day moving average ahead of the fed after showing the witness that we saw yesterday afternoon. liz: and we have on the screen the leaders of all different types of names. really more leaders that laggers pushing this market higher, and then we get to a very interesting move for crude oil. today when you look and see that we are now well above $98 per barrel, you have to fi
which will have a terrible impact on state and local economies. going back to when the government tries to implement compassion it will always be done on a political basis. i want to speed up because we want to leave time for discussion and our other panelists. i want to give you an example how this happens. i heard this great example. think about a mother who steals to feed her children. she goes to children. her children end up in foster care. we have sympathy and there is the terrible situation, where is the outcry for amnesty for such a person? where the outcry for family reunification for someone broke the law. it is not there? why? because she is not a member of desired political block people in washington trying to garner favor for. that is to go back to let individual discuss 19 we get mandate for compassion. go next to verse 34, right after the mandate that we exercise kindness to strangers, it also prohibits unjust weights and measures. that is what this bill is. it is an unjust weight and measure. we need to take the things into consideration. i could go on. this bill also, a
situation, but not so much about the economy, the broader economy, and their own country or the world. my question for janet is, the surprising thing to me about this report is that north america and the developed countries are actually back on top when it comes to wealth creation. if you look at china, you look at brazil, russia, the developing, emerging markets, which are supposed to be the new thing when it came to the world of wealth, and they're really secondary now. did we all get too bullish when it came to wealth creation in emerging markets? >> i think we're looking at short-term patterns here. the belief is when we look at asia-pacific, some of the developing economies, they will probably be back on top in the near term. particularly asia-pacific, which we think will have the fastest growth rate to 2015 where we think world wealth will be -- find net worth over 55 trillion. think about the volatility in the marks. in 2010, 2011, and think about what the u.s. markets did and, quite frankly, u.s. real estate. so it's really not a surprise. we flip-flopped a little bit in 2012 with
of this meeting is to fire up our economies and drive growth and prosperity around the world, to do things that make a real difference to people's lives. and there is no more powerful way to do that than by boosting trade and than by launching these negotiations on a landmark deal between the european union and the united states of america. could at 80 billion pounds to the u.s. economy and 85 billion pounds to the rest of the world. two million extra jobs, more choice and lower prices in our shops. we're talking about what could be the biggest bilateral trade deal in history. a deal that will have a greater impact than all the other trade deals put together. when we last met at camp david and suggested we could reach this moment many doubted it would be possible. everyone knows these trade deals are difficult. some take years to get off the ground and some never happen at all. it's a testament to the leadership of everyone here we've reached this point. we must maintain that political will in the months ahead. -- once in a generation opportunity and we must seize it. >> today we announced
. >> and if we can be freed from some of the regulatory burdens, this economy could take off, and so will the stock market. >> thank you, sir. join us tomorrow. "squawk on the street" begins right now. >>> good morning and welcome the "squawk on the street." i'm david faber with jim cramer and scott right here. carl quintanilla is off this morning, and afterf a 100-point rally, the fed is under the microscope as it begins, you know it, a two-day meeting. the futures are holding onto the gains and consumer prices up one point in may, and housing starts rose above street forecast, but we are looking for a higher open. >> yes. >> and a actually more defensive. looking at europe, a mixed picture, and you can see it on the continent there, but a lot of green on the map. start with our own road map starting with day one of the fed meeting as the market swings over almost any mention on the word of the word taper. president obama hints that ben bernanke could be on his way out. scott? >> and david, here is sony activist dan loeb asking for a second time to spin off the entertainment arm. th
/11 to the american economy? trillions of dollars. think about the lies that have been saved. they will only tell us about a couple of those. they have to be careful about sources and methods. still needs oversight. congress should be looking at it closely. i am pretty comfortable with what they have laid out so far. connell: speaking of september 11 and attacks on our financial industry, general alexander have the following quote talking about rather being here debating this point in trying to explain how we failed to prevent another 9/11. do you think that these programs , you know, the internet surveillance or the phone collection, in terms of records, do you think that that would have prevented september 11? >> they did say something to this effect. he said they may have been able to track one of the 9/11 hijackers if they had this program before 9/11. that is if i heard it correctly. that tells you something. who knows where we would be today in our history if they would have been able to do that. connell: supporters of the nsa leaker say he has been able to prompt or develop this discussion th
that they are not getting what they deserve from the government of the world's sixth largest economy. shepard? >> shepard: steve, these nationwide protests are reportedly some of the biggest demonstrations since the end of brazil's dictatorship back in '85. the country's military regime lasted for more than two decades back then. during that time, violent clashes often broke out between protesters and police. really not sense. authorities in turkey have banned large gatherings all together after weeks of violent antigovernment protests in a key city. so it's come to this. one man trying a peaceful solo protest and there he is. the guy on the right in the white shirt, stood alone for many hours last night. at istanbul's taksim square. stood there and stared. stared aportrait founded turkey as a secular state 90 years ago. many claim turkey's current leaders are forcing islamic agenda on them as word of this standing guy got out. several others stood just like him in different parts of the country. turkish officials say they will take no action as long as these silent protests cause nobody any harm. here a
to his improbable victory in a sluggish economy. and a lot of it had to do with the geek gap. and i detail that and also with obama's ability to craft a message and with romney's unbelievable level of dysfunction as a presidential candidate. >> michael: and aloofness too. you talk also about the madmen campaign of mitt romney. >> this was not my expression this was romney's chief strategist saying he was assembling a madmen team. these are ad guys from the '80s in boston, who worked on reagan's reelection campaign. so while romney was running a 20st century campaign, obama was running the first digital campaign of the 21st century, and that contrast -- everybody knows that obama did better on digital campaign i'm trying to show how. these geeks in what they called the cave in chicago, three professional poker players, child prodigy -- >> michael: wild stuff. >> to help re-engineer american politic politics. >> michael: and you had access to all of these folks? >> yeah, on both sides. midnight emails from romney's chief strategist to provide a 360 degree look
kind of already coincide with our portfolio. i think while our economy is increasing and we love that. we have very low unemployment rate. i think everyone involved in the workforce are those who have e lowest skills are trooil to beef them up. so that degree we've been doing a lot of pirndz trying to figure out how to leverage individuals with lower skilled and a education opportunity that move that skill set as quickly as you can given that the market moves very rapidly. whether it is ged support programs particle individuals that don't have that high school diploma and move them into one year certificate program and on to 2 and 4 year later. i wanted to reiterate that i think the community based groups are critical as partners >> we had the america's cup for the first 3 days of september and the america's kidnap final events. in the time since early april i think the two the broadly our plans remain the same the two events we're working closely with is reacting to the boston marathon how we're going to manage this huge font based on the events there. there are subsequent announc
and tree permits. there's quite a number of people coming to our desk the economy is growing so one the initiatives is to reduce that. we have peer internships. we have partnerships and we have some perspires with some of the nonprofit. and hopefully, they will become apprentices and journey man. the process of relishlt and the responsibility to private property owners who have done quite a bit of work around identifying trees and one of our initiatives is to transfer 3 thousand trees that are ready to go with a little bit of tree work. >> also within the department we've made it a priority to make sure that our staff takes advantage of training opportunities. and they're able to do their jobs better. and finally we're implementing an i t system to respond to service requests to monitor performs and allocate resources efficiently. we use that data to inform us how to do better and geter c.m.s. up and running and collecting first but using a lot of that data to help allocate our resources effectively >> so you're just skipping over the slide because we're running over here. >> jus
be. >> the study found a new ballpark on could pump $130 million a year in the economy. the mayor is considering legal action in the past but they have deferred to the principal owner of the a's. he a fraternity brother of bud selig and stuck to the idea of stick to the process. three-quarters of the team must approve the move into giant's territory. and selig made a committee to review that move but one of the members of the committee was corey bush, vice president of the giants. >> bud selig appointed a commission to look at this very proposal that you just mentioned, not once one, two, but four years ago to study the situation. >> reporter: he believes major league baseball insends tends to study the issue forever and hence the lawsuit. that is why san jose is filing. we'll be calling on mayor chuck reed and contacting the giants to get the latest on the story. >>> before you go. major league baseball has an anti-thrust exemption. doesn't it allow them to set their own rules on the come pe contingency? >> major league baseball thinks it does but it dates back 91 years. it comes
must work together to create jobs, to strengthen the middle class and to grow the economy. our -- yet once again republicans refuse to listen. instead we are debating legislation that endangers women's health and that disrespects the judgment that the american women and their doctors on how to make judgments about women's health. this bill would deny care to women in the most desperate circumstance. sad and desperate circumstances. it is yet another republican attempt to endanger women. it is disrespectful to women. it is unsafe for families and it is unconstitutional. at the start of the congress, the republicans take great pride, and we join them in that pride in reading the constitution, start to finish. it's a great day. it's a great document. but then the republicans proceed to ignore it. one example, this clearly unconstitutional bill. each day republicans claim they want to reduce the role of government except when it comes to women's most personal decisions about their reproductive health. leading groups of medical professionals and experts across the country believe that this
for the stock market and the economy, they're trapped like rats. especially after today's rally. they can't afford to have this market stay higher. they're underinvested. they haven't made the money they should have! so they have to make themselves right with the napalm attack. the bears will be visible to all. their negatively will be up by the media as though it's the truth about what the fed actually said. the bears will hope that the situation will then become self-fulfilling as the tape action determines the narrative and they set the agenda. why wouldn't they? why not try to define the event? after all, who wouldn't believe the fed is causing trouble or the market is in trouble if the futures take everything down instantly. it's death defying, come in and buy. that's why at first, it will look like no stocks will have survived the onslaught tomorrow but 2:30. then a little while after, maybe by 3:15 some stocks will climb out of the b-52, but not all. some may never get out. mostly the real estate investment trust and the high yielding bond equivalents they might be buried alive. ki
off a new website. >>> the british economy is about to get ads 400 billion boost thanks to none other that will and kate's special delivery. royal baby sleepwear, booties and much more will be big business for the royal family and for retailers. >>> check out this $3,000 wart melon. these black skin melon grow only on japan's northern island heikedo. >>> you might consider investing in this letter written by george washington about the u.s. constitution. it's being auctioned off by christie's. >>> a radio host fired for going over the line. allen i'veson accused of abdu abducting his five children. >>> well, it's time for sports. for all the latest headlines, we're joined by betty. >> good morning, mara. in sports, in game three of the stanley cup final, bruins daniel paille rips a shot past crawford for a 1-0 lead. three minutes later, bergeron makes a power play goal. the bruins take the game and now have a 2-1 lead. >>> allen iverson's ex-wife has filed paperwork saying iverson has abducted the five children. but the former nba star allegedly never returned the children home from n
are children. they are seniors, disabled. so it is a very serious issue. people are struggling in this economy for their survival. we have high unemployment, wages down. income has not increased. why do we want to take this moment and throw more people into poverty and increase hunger? it does not make sense. in the past, there has been a bipartisan coalition. they came together around the issue of hunger, and addressing that issue. this farm bill woodcut $21 billion in the nutrition program, in the food stamp program. it would throw 2 million people off of the program. one million of whom are children. because there is a link between the program and school lunch, school breakfast,, that means over 200,000 youngsters will be kicked off the program. it is not right. host: here are details about snap, the supplemental assistance program, also known as food stamps. these numbers come from march of this year. that is 23 million households. $75 billion in total last year. in terms of what people get, it ,s $133 on average per person $270 per average per household. we see the number at 47.7 million
the economy. today rouhani signaled a new more open approach. "we are ready to show more transparency to the world" he said. rouhani is 64 years old, a cleric with a law degree from scotland. sc's also known as a bridge builder who was once iran's chief nuclear negotiator. in 2003, he put that program on pause to pave the way for talks with the west. sir richard dalton, back then britain's ambassador to iran, said rouhani could steer the way to talks again. >> provided by the united states and its negotiating partners come forward a little way to meet iran it should be possible to get a first stage confidence building agreement on the nuclear question. >> reporter: asked specifically today about iran's relations with the united states, rouhani said "there's an old wound between the two countries that needs to be healed." jubilant iranians spilled into the streets to celebrate rouhani's win. although they won't know for some time just how much of a reformer he turns out to be. >> pelley: elizabeth palmer is joining us from our london bureau. elizabeth, if this is reform, why is it happ
of a project that's a long-time in coming, important not only to the local economy, but the delivery of health services to the residents ~ and to people in the region. san francisco i think is blessed with a very balanced delivery of health care services through a public structure of our own hospitals, the ucsf system and group of private nonprofit hospitals that really make us a destination for medical care that we benefit as residents of san francisco. clearly public safety requires new hospitals to be built up to current standard and we appreciate the fact that the city appears on the verge of approving an extensive group of pieces of legislation necessary to see this happen. as a long time in coming, we look forward to the next five years of construction and the opening of world class facilities both at st. luke's and on van ness avenue. thank you very much. >> thank you, mr. lazarus. >>> good afternoon, supervisors. michael mckenna with electrical workers local 6 san francisco. and i also want to thank president chiu and supervisor campos and farrell and dr. bronner and lou girardo for al
. and then tomorrow, fed chief ben bernanke will talk about the economy. investors are hoping he'll clarify what he said last month about the fed possibly dialing back it's bond buying program. >>> ahead of that federal reserve meeting, tokyo's nikkei lost a quarter percent while hong kong's hang seng was mostly flat. >>> on monday, investors guessed the central bank will prop up the economy. so the markets went up. the dow climbed 109 points, while the nasdaq rose 28 points. >>> standard & poor's lowered ford motors stock from buy to hold. the market index claimed ford's losses in europe which are expected to reach $2 billion this year. but s&p did say pickup sales in the u.s. should help the automakers see strong profits. >>> a big coup for netflix. starting next year, they'll be joining forces with dreamworks. the agreement is said to include 300 hours of new tv episodes. financial details have not been released but it's expected to be worth several hundred million dollars. the deal will help netflix compete with premium channels like hbo and showtime. >>> and homemade never looked so good. many
overcrowding on transit and saves the city money and improves the economy and these are benefits that we must extend to the full diversety over the coming years, the good news is that opening up the bicycling the cheapest ways. and but not free. the mayor of london as you may have heard is investing $1.5 billion, over the next ten year. >> in san francisco we are asking you not for $1.5, but we are asking for funding for the bicycle far beyond what you are spending at 0.46 percent of your budget, this is a shockingly low number. >> choosing to invest in bicycling is not a new separate burden, it is an essential way to address all of the goals particularly making muni faster and direct the staff to pursue the build out scenario today. >> thank you. >> paul galligar. followed by herbert winer. >> good afternoon, i live in knob hill and i moved here in november and if i could just provide a little antidote, or example for what kit was saying. first week i was here i sold my car, bought a bike, and that is how i have been getting around since. and while i think that san francisco is a great plac
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